Banco do Brasil Americas Selects i2c as Payment Processor
International prepaid program for scholarship benefit disbursements to be launched on i2c’s global payments platform.
REDWOOD CITY, Calif. and MIAMI – Dec.18, 2012 – i2c, Inc., a provider of payment processing and emerging commerce solutions, today announced that it has signed an agreement with Banco do Brasil Americas to provide processing services for reloadable prepaid products. Banco do Brasil, Latin America’s largest bank serving more than 55 million consumers globally, is the parent company of Banco do Brasil Americas.
The first collaboration between i2c and Banco do Brasil Americas will be a prepaid card program allowing Brazilian students living in the United States and other countries to receive scholarship benefit disbursements conveniently on a prepaid card. i2c’s global payments platform will enable scholarship providers to load funds to prepaid cards that students can use to make purchases in their local currencies.
The new program supports Banco do Brasil Americas’ plans to offer a range of prepaid products, including payroll, teen and benefit disbursement cards, to consumers in the United States.
Miguel Cintron, Vice President of Business Development at i2c, said, “This card program will greatly simplify the scholarship disbursement process while enabling a common customer experience across different continents.”
The i2c platform will provide account communications and customer support options in Portuguese and English to Banco do Brasil Americas customers. Live customer service in those languages will be provided by i2c through its call center in Panama City, Panama.
“As Banco do Brasil Americas continues to expand and add to our range of convenient prepaid products, it is important that our partners have the ability to support these initiatives,” said Pamela Kohl, Executive Vice President of Products and Channels. “We chose to partner with i2c due to their global support operations and robust multi-currency, multi-lingual payments platform.”
“Banco do Brasil, one of the leading financial institutions in the world, has a clear strategy for international growth, and we are delighted to provide payment solutions to support that growth,” said Amir Wain, Founder & CEO of i2c. “Their selection of i2c is a testament to our reliability and the strength of our global payment processing technology.”
About i2c, Inc.
i2c, Inc. provides the infrastructure financial institutions, corporations, brands, and governments need to launch and profitably manage payment and next-generation commerce products. Its global-ready product suite encompasses card-based, virtual and mobile payments, loyalty, and back-office solutions. Headquartered in Redwood City, California, i2c supports clients on five continents from six sales and support offices worldwide. Visit i2cinc.com for more information.
About Banco do Brasil Americas
Banco do Brasil Americas, a subsidiary of Banco do Brasil, provides banking services. For over 200 years, Banco do Brasil has provided efficient, trustworthy banking to Latin America and the world. In January 2012, Banco do Brasil expanded its model of quality and service while assisting clients worldwide by acquiring Eurobank Florida. Banco do Brasil Americas was established to create a solid, reliable presence in the US market. Three full-service branches are open in Coral Gables, Boca Raton, and Pompano Beach. Each branch is staffed with employees who speak English, Portuguese, and Spanish. Visit www.bbamericas.com for more information.
Director of Marketing and Communications
Telephone: +1 650-593-5400
Banco do Brasil Americas